Bitcoin Whale Wallets Hit Record as Shorts Build

Bitcoin whale wallets holding 10 to 10,000 BTC reach a record 20,338 as Binance perpetual funding turns negative amid cautious market positioning.
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Santiment said on October 15 that the number of Bitcoin wallets holding between 10 and 10,000 BTC reached a record 20,338 after rising sharply since mid-July. The milestone strengthens attention on Bitcoin whale activity, with large-holder wallet growth continuing despite repeated price volatility and a more defensive trading backdrop.

At the same time, Bitcoin perpetual funding on Binance turned negative, signaling that short positioning had become more dominant among leveraged traders. Santiment cautioned that prices could still move lower in the near term, but said persistent growth among influential wallets creates a healthier setup for future upside if accumulation continues.

The immediate question is whether the divergence between whale accumulation and bearish derivatives positioning persists. Further growth in large-wallet counts alongside sustained negative funding would keep the market split between longer-term accumulation and short-term caution, while a shift in either trend could clarify which side is gaining control.

Source: Santiment.


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